. In the next four years, Hamptons is forecasting that rents will increase 27 per cent, almost double the expected increase in salaries.is the most common type of housing tenure – to a vicious cycle, whereby even more than now, they can’t afford to save for a home, and are forced to continue paying for ever-increasing rents, with no prospect of escape.
Schemes that are purported to aid first time buyers – like the Help to Buy Isa and stamp duty cuts – but just end up supporting high property prices during difficult periods should be banned. This can be coupled with embracing the idea that stagnant– which equate to falls in real-terms – may be no bad thing, as they slowly fall someway back into a reasonable range for young savers.
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Source: i newspaper - 🏆 8. / 89 Read more »